American University of Armenia
Legal name: American University of Armenia Corporation
Nonprofit profile at a glance
- EIN
- 943140704
- IRS 990 coverage
- 2011–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Yerevan, CA, Armenia
- Phone
- (+374 60) 61 27 50
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Single Organization Support
Reported finances
- Revenue
- $18,982,108
- Expenses
- $12,053,520
- Assets
- $172,314,810
- Liabilities
- $58,665
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
38 people listed
Executive titles in this filing
- DR BRUCE BOGHOSIAN (PRESIDENT)
Highest reported compensation
- DR BRUCE BOGHOSIAN (PRESIDENT): $510,734 total reported compensation
- MS GAYANE KHACHATRYAN (VP OF DEVELOPMENT): $152,250 total reported compensation
- GEVORG GOYUNYAN (CFO/TREASURER): $132,722 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The American University of Armenia (AUA) provides a world-class, accessible, US-accredited educational experience for students of Armenia.
What it reported doing in 2024
The american university of armenia corporation ("auac") is a California not-for-profit corporation. Auac provides resourses to the american university of armenia for educational purposes including use of several properties in armenia owned by auac. The university is operated in yerevan armenia by the american university of armenia fund ("auaf"), a non-profit entity organized under the laws of the republic of armenia. The purpose of aua is to provide university education, research and public service in accordance with the american system and standards of higher education. Enrollment is open on a nondiscriminatory basis to students from armenia and other regions of the world.
Operating model
- Revenue model
- Donor-supported. 77% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 88% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 76
- Accountability: 98
- Sustainability: 88
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 94.3%; rating input score 94
- Program expense ratio: 87.8%; rating input score 88
- Fundraising efficiency: $13.05 raised per $1 spent on fundraising; rating input score 46; 46th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: 1 of 8 controls in place; rating input score 12
- Claims monitoring procedures: Pass
- Requires narrative reports: Limited
- Conducts field audits: Limited
- May suspend future funding: Limited
- Requires financial reports: Limited
- Conducts site visits: Limited
- Requires grant agreements: Limited
- May require repayment: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 96.8%; rating input score 97; 31st percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 36.5%; rating input score 90; 90th percentile among comparable filings
- Total-asset coverage ratio: 14.3; rating input score 94; 94th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 97; 97th percentile among comparable filings
- Officer compensation ratio: 4.6%; rating input score 54; 54th percentile among comparable filings
Growth
- Program expense growth: 7.9% per year; rating input score 100; 61st percentile among comparable filings
- Revenue growth: 9.2% per year; rating input score 100; 71st percentile among comparable filings
- Asset growth: 11.8% per year; rating input score 100; 72nd percentile among comparable filings
Details
- What they do: 3 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 94.3% of revenue deployed · 87.8% of spending went to programs
- Governance: 30 of 31 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $10.6M in reported program spending
- Leadership: top reported pay $511K · 38 people listed · 3 of 6 pay-setting controls reported
- Consistency: 34 of 34 current checks pass
- Schedules: 8 filed schedules · includes major donors, foreign activity, executive pay, and related organizations
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Fundraising efficiency scored 46/100.
- Review — Sustainability: Officer compensation ratio scored 54/100.